Definition: Technology balance of payments
The Technology Balance of Payments (TBP) registers the international flow of industrial property and know-how.
The following operations should be included in the TBP: patents (purchases, sales); licenses for patents; know-how (not patented); models and designs; trademarks (including franchising); technical services; finance of industrial R&D outside national territory.
The following, however, should be excluded: commercial, financial, managerial and legal assistance; advertising, insurance, transport; films, recordings, material covered by copyright; design; software.
Organization for Economic Cooperation and Development (OECD), "Frascati Manual 2002: The measurement of scientific and technological activities - Proposed Standard Practice for Surveys on Research and Experimental Development", OECD, Paris, 2002